German automaker BMW has announced an ambitious new goal to cut carbon dioxide emissions significantly between now and 2035. The company plans on reducing its overall CO2 output by at least 60 million metric tons compared with levels in 2019.
Key Takeaways
- BWM aims to reduce emissions by 60 million metric tons from 2019 levels by 2035, an increase of 20% over previous targets.
- The company will focus on expanding the use of secondary raw materials and renewable energy in its supply chain.
- BMW’s strategy aims to achieve net-zero emissions across all scopes (1, 2, and 3) by no later than 2050.
BWM’s new target represents a significant increase from the company’s initial goal of cutting CO2 emissions by at least 40 million metric tons compared to 2019 levels. By setting this more aggressive milestone, BMW is aligning its efforts with global climate change goals outlined in the Paris Agreement.
BMW plans on using renewable energy sources and secondary raw materials extensively across their supply chain operations. The company also aims for each euro generated by sales after 2035 to produce less than half of the CO2 emitted per euro compared to 2019 levels, demonstrating a clear commitment towards sustainability.
Alongside these efforts, BMW will continue its push toward electrification in their vehicle lineup. However, they emphasize that relying solely on EV demand won’t be enough for them to meet their ambitious emissions targets by 2035 and beyond.
In comparison with other major automakers like Volkswagen Group or Mercedes-Benz parent Daimler AG, BMW’s new climate target stands out due to its higher reduction goals. Both VW and Daimler have set similar long-term sustainability objectives but haven’t committed to such specific near-term targets as BWM has done.
Frequently Asked Questions
How does BMW’s 2035 goal compare with its competitors?
BMW aims for a more aggressive reduction in CO2 emissions compared to other major automakers like Volkswagen and Daimler. While all three companies have long-term sustainability goals, BMW has set specific targets that go beyond the initial expectations.
What role does renewable energy play in BMW’s strategy?
The use of renewable energy sources is a key part of BMW’s plan to reduce its carbon footprint. The company aims to expand this usage across production and supply chain operations as it strives towards net-zero emissions.
BWM’s new climate target shows the automaker’s commitment not only to reducing greenhouse gases but also to leading in sustainable practices within the automotive industry. With such ambitious goals, BMW is setting a high bar for other companies to follow suit and contribute to global efforts against climate change.
